Dynatrace, Inc. (NYSE:DT) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 657.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,800 shares of the company's stock after acquiring an additional 25,000 shares during the period. Canada Pension Plan Investment Board's holdings in Dynatrace were worth $1,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama raised its stake in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Synovus Financial Corp raised its position in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after buying an additional 13,957 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Dynatrace by 16.9% in the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after buying an additional 9,251 shares in the last quarter. OFI Invest Asset Management acquired a new position in Dynatrace during the fourth quarter worth about $842,000. Finally, Allstate Corp purchased a new stake in Dynatrace during the 4th quarter valued at about $471,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 2.5 %

DT traded up $1.18 on Tuesday, reaching $47.64. The company's stock had a trading volume of 1,120,918 shares, compared to its average volume of 3,207,812. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a 50 day moving average of $48.84 and a two-hundred day moving average of $53.08.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DT. Loop Capital lowered their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Barclays reduced their target price on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.95.

Insider Activity

In other news, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company's stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.